Virginia Home Buyer Guide:Things you should know before Buying Land in Virginia
With the revamping of the Real Estate industry in the Northern
Virginia area many of the investors are going west of the DC metro area
purchasing vacant land with a potential to have further expansion of the
economy to those areas. Even if you are considering purchasing a land
in the heart of the city it still does mean buyers can assume things
about the land and buy it as a golden opportunity.
Not just from future growth but overall land value is significantly cheaper and investors lean towards that.
Here are things you should consider before buying a land in the
Northern Virginia area:
1. Ask the owner whether the potential land is raw or study have been done?
2. What it is zoned for? Commercial, agricultural, residence and so one.
3. Does the land have public utilities? If not will the county be able to provide.
4. If the county cannot run the public utilities then will you be able to add septic tank and well.
5. Understand the easement on the property.
6. Understanding the grading of the land. If the land is on a swamp you cannot build anything!
7. Water rights!! If you are buying home with water right understanding of that is very important and its usage limitation.
8. Shape of the land. If your land is triangle it may impose challenges when building a home.
9. Local County regulation. If you are planning to have a horses or
farming local county/state will regulate the requirements of the land